Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and anxiolytic agents. Its structure enables selective binding in biological systems, making it valuable in medicinal chemistry for designing drugs targeting central nervous system disorders. Also employed in the preparation of fluorescent probes due to its favorable photophysical properties, useful in bioimaging and molecular sensing applications. Commonly utilized in cross-coupling reactions to build complex heterocyclic systems in drug discovery research.